I know many either bought at $30K or $28K because it seems like a great price. Or even earlier at $25.5K.

However if you look at past bear cycles you are going to have a lot of time to make your purchase. Better buying 10% higher from the low than guessing and getting a massive 50% loss.

Remember November 2018, it broke $6000. Went to like $5K, people assumed it was the bottom and then the ultimate rug pull down to $3.2-3.5K.

You could of waited and bought close to the mid $3K for weeks.

Patience and stay away from leverage….

Seems like we got a little bounce and now everyone is bullish again.  The reactionary emotions in this market are interesting to say the least.  If you are being affected by such small market movements then you have way too much money invested in crypto.  I remember when people got excited by 500% moves, not 5%.  Still, I'm happy that we didn't see the ultimate plunge yet, but I'm a bit concerned by all the bullishness given how much bearish fundamental overhang is on the overall crypto market right now.  I'd be careful until some of that leverage goes away if you're overinvested. 

If this cycle is like the others, we should set the bottom this year... probably before winter.


However it remains to be seen, if this one is really like the other ones. So far we only have two full cycles after a halving as examples.

Also this one with its two tops and the missing parabolic run-up looks already a little bit different.

Edit:
(Sorry for talking about Bitcoin  )

Choo.

All this drama and garbage surrounding LUNA and TerraUST, meanwhile exactly zero people can explain to me the purpose, utility or usefulness of either one. Especially when other solutions already exist.

Waiting for Do Kwon himself to come in here and debate me on his garbage coins.

Because he would lose that debate soundly.

The emperor has no clothes, and his size is not size.

The fact that a lot of BTC are now out of hands of these shitcoin manipulators is the only conforting thing from this crisis.